In an effort to stay “on top of” the real estate market in Watertown, MA we weekly pull market statistics for single families, condominiums and multi-family homes. We make an effort to share this information with our clients and followers of our Facebook, Twitter and Blog. We do this so that we can help educate potential buyers and sellers about the real estate realities in the Watertown, MA real estate market on a monthly basis. These statistics were compiled using the MLS Property Information Network, Inc on December 2, 2013.
SINGLE FAMILY HOMES
The single family home market has seen great increases in comparison to last year when it comes to sales price. On a whole, look at the market year-to-date, we have seen an overall appreciation of $63,308 as compared to the same time period in 2012. Similarly, in looking at median sales prices, we are “up” $58,500. We have also seen an increase in the number of single family homes sales in Watertown MA this year with an increase of 13 homes compared to last year at this time. The only area where we are running slightly behind last year is in total number of active listings on the market. We are down two listings compared to last year at this time, but those numbers are relatively steady.
The condominium market is similar to the single family home market in Watertown MA. We have seen great appreciation in the amount of $45,061 using average sales price and $38,375 using the median sales prices. These are great numbers and a great opportunity for owners of homes to see what equity they now have in their home. We have seen a strong increase in the overall number of sales going from 193 at this time last year to 240 sales currently this year. This is an increase of 47 homes which is a very strong increase. Similarly to the single family homes, our active listing inventory is down 8 homes compared to last year at this time.
The trends stay strong all the way through the multi-family housing market in Watertown MA. Comparing our year-to-date in 2013 to the same time period of 2012 we are up $68,210 when using the average sales prices and we are up $42,250 when using the median sales prices. We have seen a slight increase in the total number of sales year-to-date as we are up 9 sales compared to 2012. We currently only have 2 multi-families on the market, compared to 6 at this time last year.
There seems to be a running thread throughout the three market sectors; we have had great success in increasing the number of sales and seen great appreciation compared to last year but we need more listings to help home owners take advantage of these increases. In total, there are 32 active listings across all three sectors of the market compared to 46 at this time last year. The winter is a great time to sell a home as there is less competition and buyers are still very active trying to take advantage of the low interest rates before the begin to rise.
For more information on the Watertown MA real estate market or to receive updates on a weekly basis by mail please contact our team at firstname.lastname@example.org or call us directly at 617-744-9195.